The Bank of Ghana has hinted plans it will soon require financial institutions in the country to publish their cyber security policies in line with the provisions in the payment systems and services Bill which is expected to be passed by parliament soon.

The Governor of the Bank of Ghana Dr. Ernest Addison, on Wednesday disclosed Financial Institutions would also be required to implement an integrated approach by adopting enterprise wide frame works of cyber risk management team in line with business objectives.

Dr. Addison made this known in a speech read on his behalf an event dubbed the “First Summit on Digital Banking and Cyber Security” organized by the Standard Chartered Bank held at the Movenpick Ambassador Hotel in Accra on Wednesday March 21, 2018.

The summit brings together cyber security experts to share their experiences and examine critical issues on digital banking and its associated cyber security risks and how to counter cyber threats in the intended industry.

In an interview, Mr. Alex Adjei Bram, the Chief Officer at Hubtel Limited said ” collaboration must be enforced among the private companies, but it will help if government facilitate that collaboration. So that it brings some trust to the collaboration.”

He further hinted collaboration is key or important fact used in fighting cyber crime all around the world.

CEO of Hubtel Limited, Alex Adjei Bram was chosen among the dignitaries who shared their experiences and examine critical issues at the Digital Banking and Cyber Security Summit.

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Joseph Wemakor is the Managing Editor of GhanaNewsOne.Com. He is also a renowned Blogger @ (josephwemakor.blogspot.com), a Publicist & Digital Marketer.